Source: @EconguyRosie
— Genevieve Roch-Decter, CFA (@GRDecter) August 9, 2023
2/ The U.S. equity market shifts in weight over time
Stocks excelling in performance inevitably grow to make a larger portion of the market, leading to increased market concentration
— Game of Trades (@GameofTrades_) August 9, 2023
See also Nvidia's $279 billion wipeout — the biggest in U.S. history — drags down global chip stocks
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